Is Demand For Bitcoin Mining in Decline? Chip Maker Slashes Target19.39

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest dedicated independent chipmaker, has predicted a drop in demand from the cryptocurrency mining community in the fourth quarter this year. The growth target of 7 to 9 percent was slashed to 6.5 percent partly due to the demand dynamics of bitcoin miners.

C. C. Wei, Chief Executive Officer and Vice Chairman of TSMC told investors at the company’s third quarter 2018 earnings conference that business growth would be offset by “continued weakness in cryptocurrency mining demand”.

Original source
https://www.newsbtc.com/2018/10/20/is-demand-for-bitcoin-mining-in-decline-chip-maker-slashes-target/

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